Summary by Moomoo AI
On December 31, 2023, BlackRock, Inc., a Delaware-based investment management corporation, filed an amended Schedule 13G/A with the Securities and Exchange Commission (SEC), indicating a significant ownership stake in Marvell Technology, Inc. The filing revealed that BlackRock now beneficially owns 60,534,116 shares of Marvell Technology's common stock, which represents approximately 7.0% of the company's class of securities. This position grants BlackRock sole voting power over 54,965,303 shares and sole dispositive power over the entire 60,534,116 shares they own. The filing was made in accordance with Rule 13d-1(b) under the Securities Exchange Act of 1934, which applies to parent holding companies or control persons. The address of Marvell Technology's principal executive offices is listed as 1000 N. West Street, Suite 1200, Wilmington, DE 19801. The filing, dated February 12, 2024, includes a certification by BlackRock that the securities were acquired in the ordinary course of business and not with the purpose of changing or influencing the control of Marvell Technology.